Ann: Tom Alweendo Interview, page-135

Bux

I suggest go back and re read the initial email from Sean Austin sent to Jilly. There is a direct reference to a drillhole for H124 but it doesnt necessarily say it will be Woodside. That is just left up to the reader to presume it will be. In his second email to me he covers himself by indicating that PCL will be liable for the drilling, if Woodside dont elect, by saying:- "Be aware that whether or not Woodside chooses to move forward, Pan Continental owes SEI a well. PC is the party SEI signed a farmout with. We’re carried no matter which operator drills the first exploration well."

In terms of timeframes to evaluate the 3D you are correct that Woodside will need plenty of time before they make a decsion on the 3D. On Sintana website it is explained as following:- Woodside has a period of at least 180 days after delivery of the survey to exercise its option. If the option is exercised, Woodside has agreed to enter a farmout agreement whereby it will carry existing joint venture partners for the full cost of drilling the first exploration well. Custos Investments (Pty) Ltd. (“Custosâ” retains a 15% interest in PEL 87 and benefits from this carry and other elements related to the farmout and joint venture agreements. Sintana owns an indirect 49% interest in Custos.

People just need to be patient. The next port of call is when the fast tracked 3D data is released in August. No doubt if Pancon or Sintana see anything of interest in this data they will trumpet loudly to the adoring faithful. They are both juniors after all and rely on positive snippets. The big old elephant Woodside will basically tell everyone to F... off and will proceed at their own pace within the time constraints mentioned above.